In a significant regulatory development for India’s fintech ecosystem, Razorpay has received the Payment Aggregator – Cross Border (PA–CB) license from the Reserve Bank of India (RBI). This authorization empowers the company to facilitate both inward and outward cross-border payments under full regulatory oversight, marking a major milestone for Indian businesses engaged in global trade. With the new license, Razorpay will support a wide spectrum of users including exporters, SaaS platforms, freelancers, D2C brands, and international companies operating in India. According to the company, its cross-border business is already expanding at 40% year-on-year, reflecting the rising demand for seamless global…